To comply with unconstitutional pseudo-treaties negotiated by the Obama administration without the consent of Congress or any semblance of constitutional authority, the IRS announced that it will be sharing private financial information on U.S. bank account holders with foreign powers. No warrant is needed for foreign governments or autocracies to peruse the information at will, and possibly even criminals. The embattled federal tax agency announced the controversial move in a press release last week. But the latest data-sharing scheme, while troublesome to critics and lawmakers, is merely one important part of a much broader global taxation regime now being quietly imposed on humanity by the White House and its radical allies around the world. Obama’s lawless “Foreign Account Tax Compliance Act” (FATCA) is the model for it all.
According to a study just published by Wealth-X and National Financial Partners, $16 trillion of wealth belonging to 211,275 “ultra-high net worth” individuals will be passed on to the next generation over the next 30 years.
That popping sound in Shanghai isn't champagne; it's economic bubbles in securities, real estate, art, and more.
U.S.businesses are failing at a faster rate than new ones are being created, suggesting that genuine economic recovery may still be far off.
Bruce Rauner, Illinois’ new Republican governor, was inaugurated on Monday and is facing a daunting task: a $4 billion backlog of unpaid bills and a budget showing deficits approaching $21 billion in three years unless something is done.